Affordable housing made lucrative for developers in Jaipur

ASSOCHAMJAIPUR: With an aim to provide low cost, affordable houses, the state government launched the Jan Aawas Yojana on Saturday. For this, four provisions have been framed that incorporate various incentives for developers and subsidies for beneficiaries by the state government.

As per provision 1(A), it would be mandatory for the urban local bodies (ULBs) like the urban improvement trusts (UITs), development authorities and Rajasthan Housing Board (RHB) to reserve houses for the economically weaker sections (EWS) and the low income group (LIG) people.

Under this provision, the RHB will have to reserve 50% houses in case of plotted colonies and 10% of the floor-area-ratio (FAR) in case of apartments. Similarly, the UITs, development authorities and other ULBs will have to reserve 25% plots or flats for EWS/LIG category in their schemes.

The private developers launching plotted schemes on more than two hectare land will have to earmark 10% of the residential saleable areas for the EWS/LIG with plot areas ranging from 30-square metre to 45-square metre for EWS and from 45-square metre to 75-square metre for LIG. In case of apartments, which the private developers construct on land above 5000-square metre, the new policy requires that 7.5% of the flats be reserved for the EWS/LIG.

Under provision 1(B), it will be mandatory to reserve 5% houses for EWS and LIG in the RIICO and private industrial areas.

Under provision 2, the private developers who build a plotted scheme on 2-hectare of land will have to earmark minimum 50% for the EWS/LIG. Under provision 3(A), the private developer will construct flats entirely for the EWS/LIG. The government will give relaxation on land conversion charges and building approving plan to developers falling under 3(A). Also, the saleable price can be decided by the developer. Similarly, under provision 3(B) the private developer will develop plots entirely for EWS/LIG category.

Under provision 4(A) and 4(B), the EWS/LIG houses will be developed on government land by the private developer. Seventy-five percent of such government land shall be used for EWS/LIG people, while the remaining 25% can be sold by the developer.

"The Jan Awas Yojana will go a long way in ensuring housing for all," chief minister Vasundhara Raje said, while unveiling the scheme. At the same time, she admitted that her government reshaped the previous government's policy of affordable housing that was launched in 2009. "Shortcomings of the old policy have been tackled and removed. Developers now have incentives that will motivate them to construct EWS/LIG houses on private and government land," the chief minister said.

Box:

It would be necessary for the residents to have an Aadhaar or a Bhamashah card to avail the benefit of LIG or EWS scheme

The allottee has to stay in the house for one year. The allotment will be cancelled if this condition is not fulfilled

Flat sizes

EWS: 325 - 350 square feet

LIG: 500 - 550 square feet

Plot sizes

EWS: 30 - 45 square feet

LIG: 45 - 75 square feet

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CM Vasundhara Raje during the launching of Jan Awas Yojana and land allotment policy at Secretariat on Saturday